2025-05-07T10:40:34-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 2055 E WARNER RD STE 101 TEMPE AZ 85284 990 2023-07-01 860765761 PHOENIX ART MUSEUM ENDOWMENT FUND INC PHOE 6022571880 1625 N CENTRAL AVE PHOENIX AZ 85004 JEREMY MIKOLAJCZAK CEO 6022571880 2025-05-05 1 0 COLETTE KAMPS CPA P00367616 4808394900 2025-05-01 2023 2025-03-06 01:10:19Z JEREMY MIKOLAJCZAK 1625 N CENTRAL AVE PHOENIX AZ 85004 7533515 0 X N/A X 1994 AZ TO PROVIDE SUBSTANTIAL FINANCIAL SUPPORT FOR THE PHOENIX ART MUSEUM. 8 8 0 8 0 0 8220 2961280 0 0 30738 2406036 0 0 38958 5367316 1584032 1909757 0 0 0 0 0 0 0 121664 124922 1705696 2034679 -1666738 3332637 29151002 33472648 1372101 1096937 27778901 32375711 TO PROVIDE SUBSTANTIAL SUPPORT FOR THE PHOENIX ART MUSEUM. 0 0 1909757 1909757 PROVIDE SUPPORT FOR THE PHOENIX ART MUSEUM. 1909757 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 6022571880 1625 N CENTRAL AVE PHOENIX AZ 85004 HARRY PAPP CHAIR 0.50 X X 0 0 0 ROSE PAPP DIRECTOR 1.00 0.50 X 0 0 0 BLAIR PORTIGAL DIRECTOR 1.00 0.50 X 0 0 0 BILL WAY DIRECTOR 0.50 X 0 0 0 BILL GOLDBERG DIRECTOR 0.50 X 0 0 0 DON OPATRNY CHAIR 0.50 0.50 X 0 0 0 HOWARD KATZ DIRECTOR 0.50 X 0 0 0 PHIL COWEN DIRECTOR 0.50 X 0 0 0 ALLAN ALVARADO CFO 1.00 37.50 X 0 215500 4176 JEREMY MIKOLAJCZAK CEO 1.00 37.50 X 0 367400 13088 0 582900 17264 0 0 1 0 0 2961280 2961280 1013242 1013242 3558993 2166199 1392794 1392794 1392794 5367316 0 0 2406036 1909757 1909757 3440 3440 121482 121482 2034679 1909757 124922 0 596578 350714 2315000 26373250 24080353 2181174 6726581 29151002 33472648 1372101 1096937 1372101 1096937 X 1331034 0 26447867 32375711 27778901 32375711 29151002 33472648 3332637 1264173 0 X 0 1 X 1 0 X X 1 PHOENIX ART MUSEUM 860072608 7 1 1909757 0 1 1909757 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 29151002 1344817 3842319 2009007 121483 32207648 27928818 7330 2883565 1555595 113116 29151002 32304286 1421056 -3975180 1686436 134908 27928818 27316846 326 6981545 1871600 122831 32304286 27308786 184122 1282678 1347581 111159 27316846 0.03650 0.96350 0 0 0 INVESTMENTS-PRIVATE EQUITY FUNDS 6726581 F 6726581 DUE TO PHOENIX ART MUSEUM 1096937 1096937 X PART V, LINE 4: AMOUNTS APPROPRIATED FOR EXPENDITURE FROM THE ENDOWMENT FUNDS IN ACCORDANCE WITH THE ORGANIZATION'S SPENDING POLICY ARE USED TO SUPPORT THE PHOENIX ART MUSEUM. PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRE THAT TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY-THAN-NOT THAT THE POSITIONS WILL NOT BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF JUNE 30, 2024, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 PHOENIX ART MUSEUM 1625 N CENTRAL AVE PHOENIX AZ 85004 860072608 501(C)(3) 0 1909757 ANNUAL MUSEUM DRAW 1 PART I, LINE 2: THE ANNUAL MUSEUM DRAW IS CALCULATED BASED ON THE TWELVE QUARTER AVERAGE OF THE TRAILING MARKET VALUE OF THE FUND AS OF MARCH 31ST EACH YEAR. THE AMOUNT EACH YEAR IS REQUESTED BY THE BOARD OF TRUSTEES OF THE PHOENIX ART MUSEUM AND APPROVED BY THE BOARD OF DIRECTORS OF THE FUND. IN ADDITION, CERTAIN INDIVIDUAL FUNDS HAVE PURPOSE RESTRICTIONS FOR THE EARNINGS. IF THERE IS AN EXPENDITURE WHICH MEETS THE RESTRICTED PURPOSE, THIS AMOUNT MAY BE ADDED TO THE DRAW. 0 0 0 0 0 0 0 0 0 JEREMY MIKOLAJCZAK CEO 0 342400 0 25000 0 0 0 6720 0 6368 0 380488 0 0 ALLAN ALVARADO CFO 0 215500 0 0 0 0 0 4176 0 0 0 219676 0 0 PART I, LINE 3 THE PHOENIX ART MUSEUM DETERMINES THE EXECUTIVE COMPENSATION FOR MANAGEMENT SHARED WITH THE ORGANIZATION AND DETERMINES COMPENSATION BY COMPARISON TO THE FORMS 990 OF OTHER SIMILAR ORGANIZATIONS, REVIEW OF COMPENSATION SURVEYS, AND APPROVAL OF THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 HARRY AND ROSE PAPP ARE SPOUSES. FORM 990, PART VI, SECTION A, LINE 7A THE PHOENIX ART MUSEUM IS THE SOLE MEMBER OF THIS ORGANIZATION AND AS SUCH, HAS THE POWER TO APPOINT ANY DIRECTOR AND CAN REMOVE ANY DIRECTOR WITH OR WITHOUT CAUSE. AT THEIR ANNUAL MEETING, THE PHOENIX ART MUSEUM ENDOWMENT FUND BOARD OF DIRECTORS APPOINTS THE OFFICERS OF THE ORGANIZATION, INCLUDING AT LEAST A CHAIR, FROM AMONG THE MEMBERS OF THE DIRECTORS OF THE ORGANIZATIONS WHO ARE FORMER BOARD MEMBERS OF THE PHOENIX ART MUSEUM. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO EACH MEMBER OF THE ENDOWMENT BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SUPPORTED ORGANIZATION, THE PHOENIX ART MUSEUM, OVERSEES THE CONFLICT OF INTEREST POLICY. THE PHOENIX ART MUSEUM'S GUIDELINES FOR PROFESSIONAL PRACTICES QUESTIONNAIRE AND COMPLIANCE AGREEMENT ARE REQUIRED TO BE COMPLETED AND SIGNED BY TRUSTEES, THE PRESIDENTS OF THE SUPPORT ORGANIZATION, MUSEUM DIRECTOR, DIVISION HEADS, DEPARTMENT HEADS, AND ALL ACCOUNTING STAFF. THIS PROCESS IS DONE EVERY YEAR IN SEPTEMBER. THE COMPLETED AND SIGNED AGREEMENTS ARE REVIEWED BY THE HUMAN RESOURCES MANAGER OF THE PHOENIX ART MUSEUM FOR COMPLETENESS. ANY QUESTIONS THAT ARISE ARE DISCUSSED WITH THE INDIVIDUAL SIGNING THE AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY DIRECTORS, OFFICERS, OR OTHERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION GENERALLY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PHOENIX ART MUSEUM 1625 N CENTRAL AVE PHOENIX AZ 85004 860072608 CULTIVATE & PROMOTE INTEREST IN & APPRECIATION OF THE VISUAL ARTS AZ 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0